Jack in the Box (NASDAQ: JACK) reported Q1 EPS of $1.35, $0.07 better than the analyst estimate of $1.28. Revenue for the quarter came in at $290.8 million versus the consensus estimate of $271.15 million.

Fiscal Year 2019 Guidance

The following guidance and underlying assumptions reflect the company’s current expectations for the fiscal year ending September�29, 2019. Fiscal 2019 and fiscal 2018 are 52-week years, with 16 weeks in the first quarter, and 12 weeks in each of the second, third and fourth quarters.

• System same-store sales of approximately flat to up 2.0 percent.
• Commodity cost inflation of approximately 2.0 percent.
• Restaurant-Level EBITDA of approximately 26.0 to 27.0 percent of company restaurant sales.
• SG&A as a percentage of revenues of approximately 8.5 to 9.0 percent, which reflects the new revenue recognition standards.
• G&A as a percentage of system-wide sales of approximately 1.8 to 2.0 percent, which reflects the new revenue recognition standards.
• Approximately 25 to 35 new restaurants opening system-wide, the majority of which will be franchise locations.
• Capital expenditures of approximately $30 to $35 million.
• Tenant improvement allowances of approximately $25 million.
• Tax rate of approximately 26.0 to 27.0 percent, subject to fluctuations arising from the impact of excess tax benefits from share-based compensation arrangements.
• Adjusted EBITDA of approximately $260 to $270 million.

For earnings history and earnings-related data on Jack in the Box (JACK) click here.